Here's what retailers can do during the Coronavirus Pandemic lockdown:
https://icv2.com/articles/columns/view/ ... s-pandemic
Sadly I think it's already too late for these small businesses that are heavily in debt right now. They have no chance of competing online against Amazon and eBay because the margins are too low. When you're buying for $78 a booster box and someone is selling $80 shipped online then there's no way that you would lose money selling for $80 shipped online. Card singles used to be a good source of revenue for these small businesses however they're buying Secret Lair products at the exact same price you are and then marking them up just like a reseller. The Local Game Store (LGS) is really no different from a reseller on Facebook Marketplace or on eBay.
They might buy collections but as we know Magic collections' value are going to decrease in this upcoming economic recession because Magic is a luxury item as it's going to be one of the first items that people will be forced to stop buying during times of need. A lot of these stores are going to end up becoming barren wastelands due to the Coronavirus pandemic. They don't attract the cleanest people when it comes to personal hygiene and even If they were clean you don't want to be in large crowds. This is going to have a major effect on their bottom line. This is the straw that will break the camel's back.
I think this will have a big effect on people flipping products and that includes Local Game Stores so it won't last forever. You're going to see card prices and inventory drop. Whose going to realistically buy Standard or Ikoria: Lair of Behemoths when there's nowhere to play? When people get laid off from their jobs and need money they aren't going to buy Ikoria or any future Magic products let alone for other Trading Card Games / Collectible Card Games. When these businesses go bankrupt then there's really no place to play Paper Magic so you're stuck having to play on Arena or MTGO.
The problem is that these store owners don't treat the Local Game Store as a business but more as a hangout place which normally isn't a problem per say. They don't open Local Game Stores to make money, they open them because they love it. However labor of love doesn't always keep the lights on. Stores that are in financial difficulty right now who are juggling credit cards getting maxed out are not going to be able to survive this. Stores that aren't doing really good but are stable and don't have so much debt are going to be pushed to the brink of elimination. They'll have no choice but to liquidate all their inventory and there will be an opportunity to buy these businesses.
JP Morgan says that 47% of small businesses have less than two weeks of working capital. Assuming even distribution that means at least half of Local Game Stores are closed If there's no customers right? These businesses are still paying rent. Rent is also a huge issue for them right now. They're already on the edge of bankruptcy as we speak. Cards will drop, everything will drop in a recession. Magic cards as well as other Trading Card Games / Collectible Card Games like Yu-Gi-Oh! and Pokémon TCG are going to be the last thing on peoples' minds as they're going to need to pay medical bills. Maybe they lost a job. Brace yourself as this is going to get really bad really soon.
Even though the Centers for Disease Control and Prevention are encouraging businesses like the Local Game Store and GameStop to stay closed, the rent doesn't go away so the overhead doesn't go away and it would be bad to ask your employees to take a pay cut or I'm not going to pay you because you're not working. I'm very scared for Local Game Stores in my area because I like them and appreciate the service they give me to be able to play my favorite games. We're all in this struggle together unless the U.S. Government manages to intervene and saves them from going under.
"Salvation is for those who are afraid of Hell. Spirituality is for those who have lived through it."
- Ralph Smart